Regulatory Controller - VP London, England
Morgan Stanley
Full Time
London, England
53476 - 75600 GBP ANNUAL Today
Job description
Regulatory Controller - VP
Job Number:
3240274
POSTING DATE: Aug 9, 2023
PRIMARY LOCATION: Europe, Middle East, Africa-United Kingdom-United Kingdom-London
EDUCATION LEVEL: Bachelor's Degree
JOB: Finance
EMPLOYMENT TYPE: Full Time
JOB LEVEL: Vice President
DESCRIPTION
Regulatory Controller - VP
London
3240274
Regulatory Controllers are responsible for ensuring that Morgan Stanley maintains adequate capital resources to meet the firm's investment business commitments and to withstand the risks to which the business is subject, e.g. Market Risk and Counterparty Risk. Regulatory Controllers form part of the wider Financial Control Group.
About Morgan Stanley
Morgan Stanley is a leading global financial services firm providing a wide range of investment banking, securities, investment management and wealth management services.
As a market leader, the talent and passion of our people is critical to our success. Together, we share a common set of values rooted in integrity, excellence, and strong team ethic. We can provide a superior foundation for building a professional career – a place for people to learn, to achieve and grow. A philosophy that balances personal lifestyles, perspectives and needs is an important part of our culture.
What will you be doing?
Regulatory controllers duties include:
- Monitoring regulatory compliance in accordance with Basel 3 for UK and European regulated entities -Reporting accurate and timely capital usage information to the CFO group and externally the PRA, JST and the EBA.
- Facilitating capital efficiency by working with the business and regulators on approvals, appropriate structuring of new trades and continual elevation of capital usage.
Role and responsibilities:
The position is for a senior permanent member of staff within the Credit Risk Capital Production team. - Oversight and management of aspects of the Credit Risk Capital team, offering strong support to the team lead.
- Very high focus on existing credit risk capital rules and the accuracy and compliance of our calculations and processes, taking a leading role in an ongoing governance and assurance agenda, in particular with respect to the JST entities.
- Working with Regulatory calculation teams in remote locations to validate capital charges and to advise on investigation and reporting.
- Responsibility for the EMEA daily capital and limit monitoring process.
- Direct involvement in projects relating to ongoing and upcoming regulatory initiatives (eg Basel III Endgame), as well as run the bank improvements and implementation within current capital systems and future state builds.
- Respond to ad-hoc information requests from Regulators, Business Units and other stakeholders.
- Presentation of data to senior management.
- Close coordination with Firm risk management, other capital reporting teams, BU controllers, trading desks, operations, and assurance and reconciliation teams.
- The role has people management responsibilities
QUALIFICATIONS
What we’re looking for:
- Strong understanding of European Regulatory Rule Book both for advanced and standardised approaches, CoRep capital and large exposure returns, Pillar 3 and other European and UK regulatory rulesets/returns.
- Prior Regulatory experience is essential with a high standard of technical proficiency and a broad product knowlegde
- Proven track record of execution driven chasing of issues through many layers to discover root causes.
Flexible work statement:
Interested in flexible working opportunities? Morgan Stanley empowers employees to have greater freedom of choice through flexible working arrangements. Speak to our recruitment team to find out more.
Equal opportunities statement:
Morgan Stanley is an equal opportunities employer. We work to provide a supportive and inclusive environment where all individuals can maximize their full potential. Our skilled and creative workforce is comprised of individuals drawn from a broad cross section of the global communities in which we operate and who reflect a variety of backgrounds, talents, perspectives, and experiences. Our strong commitment to a culture of inclusion is evident through our constant focus on recruiting, developing, and advancing individuals based on their skills and talents.
